Stocks to watch on May 15: Infosys, SBI, Yes Bank, IREDA, Eicher Motors
Stock markets traded in a narrow range on Wednesday, a day after falling sharply. However, they managed to close slightly higher by the end of the session, buoyed by gains in metals, IT, and broader market segments.On May 15, several companies will be in focus due to important announcements, including quarterly results, strategic updates, and regulatory developments.Here are the key stocks to watch:INFOSYSInfosys has completed the sale of its stake in a joint venture in Japan. The joint venture, known as HIPUS, was led by Infosys and operated in partnership with Mitsubishi Heavy Industries. This marks the end of Infosys's direct involvement in the venture.SBIState Bank of India (SBI) will be in focus as its board will meet on May 20 to consider raising up to $3 billion through a public offer or other foreign currency instruments in the financial year 2025–26. This move is aimed at supporting its international operations and future growth.YES BANKYes Bank may see movement after Moody's Ratings called Sumitomo Mitsui Banking Corporation's (SMBC) planned purchase of a 20% stake in the bank a credit positive move. Moody's noted that the partnership would bring in a strong long-term investor with a solid financial base, which could help Yes Bank grow more confidently.IREDA AND GENSOL ENGINEERINGThe Indian Renewable Energy Development Agency (IREDA) has filed a bankruptcy application against Gensol Engineering over a loan default. Gensol owes IREDA Rs 510 crore (about $59.73 million). The move could lead to further legal proceedings and will be closely watched by investors.EICHER MOTORSEicher Motors, the parent company of Royal Enfield, announced that the two-wheeler brand recorded its highest-ever quarterly sales. Royal Enfield sold 2,80,801 units in the fourth quarter of FY25, marking a 23.2% increase over the same period last year.TATA POWERTata Power is planning to spend Rs 25,000 crore as capital expenditure in FY26. CEO Praveer Sinha also said that the company is interested in bidding for two electricity distribution companies (discoms) in Uttar Pradesh. This signals Tata Power's aim to expand its power distribution network.BALU FORGEBalu Forge Industries reported a strong 123% year-on-year growth in net profit for the fourth quarter, reaching Rs 63 crore compared to Rs 28 crore in the same period last year.BRIGADE ENTERPRISESReal estate company Brigade Enterprises reported a 20% growth in net profit for the quarter ending March 31, 2025. The profit came in at Rs 246.8 crore, showing healthy demand in the housing and commercial property sectors.SHILPA MEDICAREShilpa Medicare said its Unit-1, run by its arm Shilpa Pharma Lifesciences, has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (US FDA). The site has been classified under Voluntary Action Indicated (VAI), which means there are some issues, but they do not need an immediate fix and will not affect the approval of drug applications.HULHindustan Unilever (HUL) received a 'no adverse observation' letter from both the NSE and BSE regarding its scheme of arrangement with Kwality Wall's India. This clears a regulatory step and allows the company to move forward with its plan.Q4 RESULTS TODAYSeveral companies will report their March quarter results on May 15, including LIC Housing Finance, PB Fintech, Abbott India, Allied, Blenders and Distillers, Balrampur Chini Mills, CESC, Crompton Greaves Consumer Electricals, Endurance Technologies, Gujarat Mineral Development Corporation, Godfrey Phillips India, Godrej Industries, G R Infraprojects, INOX India, ITC Hotels, JSW Energy, Kaynes, Technology India, Medi Assist Healthcare Services, NCC, Patanjali Foods, Tube Investments of India, Websol Energy System, and Welspun Enterprises
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